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Search Results 0 to 49 of about 139 (some duplicates have been removed)
CNBC
Dec 10, 2012 4:00am EST
headlines from around the world. political turmoil in italy sending european stocks lower. italian banks leading the way down as mario monte keeps investors guessing in whether he'll run against sylvia berlusconi next year. the unexpected drop signals continued pressure from abroad. and meeting face-to-face, president obama and house speaker john boehner sit down for a one-on-one over the weekend. there are just three weeks left before the u.s. goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the budget has been passed. this move is likely to bring the country forward to elections next year. the italian prime minister has offered no clue as to whether or not he
CNBC
Dec 28, 2012 4:00am EST
. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here for it. >> i can't believe it. it's my last working day of the year, as well. >> is it? >> yes. >> unfortunately we'll still be talking about the same thing we're talking about now. >> although i feel we'll be talking more debt ceiling, as well. >> and speaking of which, president obama is trying a last ditch effort to restart budget talks days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we fin
CNBC
Dec 12, 2012 4:00am EST
secretary general could get heated. >>> italy likely to see a strong uptai uptake thanks to supply reductions before year end. >>> and let's twist again. the fed set to announce a fresh around of bond purchases to match the outgoing twist program at the end of the year. >>> the international community blasts north korea after it successfully launches a long-range rocket, prompting an emergency u.n. security council meeting. >>> all right. a very good morning to you. we are going to be on to opec later. we've got the latest i.a. data out this morning. they're saying global oil demand projected around 90.5 million barrels a day. more than forecast. they say non-opec production bouncing back. an something bit. they're saying opec crude supply inched up in november led by higher output from saudi arabia. >> i think we'll have to call this today the case of the two oil reports. we have the opec report that they put out ahead of the meeting showing different figures from what the iea is saying. >> they're saying saudi arabia figures saying we produce less. now the i.a. saying they produc
CNBC
Dec 27, 2012 4:00am EST
through the first ter. there will be a rocky road possibly driven by news from italy in the latter part of february. so i'd be long now, but i would -- on that position. >> and we'll get into more of on that in just a minute. allen will stay with us. if you have any questions, send them in. worldwide@cnbc.com. if you want to share your thoughts, say hello here on this quiet christmas week. we would appreciate that, too. >>> a ja toyota has agreed to settle a class action lawsuit. customers brought the case against toyota claiming certain models accelerated unintentionally. 16 million vehicles will be covered by this action. it includes the camry and corolla. the nikkei generally speaking was higher this morning. >>> the season of good will seems to have tech firms bye. this amid claims that ericsson breached a number of samsung patents. >>> now let's check in on markets. it's time to look at the heat map. and we have green, more green than red on the board today. by three to two, gainers outpacing losers. now, europe was closed yesterday. there was trading in the u.s. it was a weaker se
CNN
Dec 22, 2012 4:00pm PST
that could change history, we are not talking about the u.s., how italy's hard times could shut down some of the most famous tourist destinations. do you see this woman? look at her? do you think she is pretty? of course she is. do i find her irresistible, her bosses did and he fired her, and the court ruled in his favor.on we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. >> a new weekend of violence and death and explosions in syria. this is damascus, five people were killed when a car bomb blew up. it filled the streets with debris and tore aparty apartment buildings. 30 people died in attacks across syria and half of them were in damascus. this is india, new delhi to be specific. people being blasted with high pressure water hoses, people are furious when a woman was gang raped and beaten on a moving city bus last weekend. protesters are demandsing changes to india's laws and say women are not safe. t
FOX News
Dec 20, 2012 12:00pm PST
. in italy, in europe, a lot of italians are baying little red horns because little red horns ward off the so-called evil i didn't. and, then, putin is not worried at all, the russian president says he knows when the world is ending, 4.5 billion years away but he also said, today, and this is interesting, that life on earth will end before the world ends because the sun is going to turn into a little white dwarf. this has been a good crop of mushrooms this year. >>shepard: apparently. maybe he can slay a dragon. what left is nasa is left. >>jonathan: nasa made a video datelined the day after the apocalypse with this message. >> december 22, 2012. if you are watch this video, it means one thing: the world didn't end yesterday. >>shepard: it means they released it early. >>jonathan: nasa says there are no comets that will collide with the earth or nothing that will bun us up but they did it early which makes you wonder really they really are preparing and just wanted to put this out but if you want reliable evidence the world is not ending i talked to my brother in new zealand a short time ago
CNBC
Dec 20, 2012 4:00am EST
an eye on it, it is falling a little bit. 1.95% after a soft set of uk retail sales figures. spain, italy, moving higher, but not too much of a move there. 5.3%. and 4.4 for italy. now, forex rates, the euro/dollar and the yen has been in focus still in the last several trading sessions and that continues today. 1.3230 is the level. the yen, though, is giving back about .5% after the bank of japan's quantitative easing plans, pretty much flecting a buy the rumor, sell the fact move. now, house republicans plan to bring their tax bill to a floor vote today. this as tensions over the white house over the fiscal cliff have started to rise. it's unclear what the bill, known as plan b, will look like. house speaker john boehner has reportedly added spending cuts to convince members it will be worth the vote. president obama has threatened to veto the bill. the president says he's puzzled by what's holding up budget talkes and that house republicans should stop trying to score a point against him. >> take the deal. you know, they will be able to claim that they have worked with me over the last
CNBC
Dec 10, 2012 9:00am EST
. as for the action in europe, really, the action focuses on italy where there's an impending political regime change. more on that in just a moment. the road map starts at the golden arches. mcdonald's blowing out expectations for november sales after the dismal drop in the month of october. hoping to fuel the rise, the bacon/onion/cheddar sandwich. >> there's one thing for certain, taxes on top earners are going up. >> turmoil in italy. berlusconi throws his hat in the ring. retail sales numbers out of china, hoping the economy is in fact on an upswing. >> apple, enthusiasm. jeffreys trimming its price target to 800 from 900, as apple shares do trade lower in the pre-market. we'll start with mcdonald's, posting better than expected november same-store sales, global comps up 2.4. u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet. they had thi
CNBC
Dec 24, 2012 6:00am EST
closing at 12:30. the nordic markets all closed for trades today. italy closed for trade. the smi closed for trade. we've got the ftse 1100 a couple of points higher. the cac and the ibex 35 just off marginal marginally, as well. i would like to show you what type of performance we've had on a year-to-date basis. rising somewhere in the region of 15% since the beginning of this year. you will note that we have had had a bit of a rally heading towards december. the question is whether we'll see that continue into next year. looking at a slightly broader base, the 600 index here, year-to-date higher by 15%, as well. europe's largest economy, the german market seeing some pretty significant gains as well as the dow jones stocks 50 up by 50%. so this brings its up, can it really continue next year? that's when you want to glance at barons, indicating over the weekend you could be looking at a rally. 20% next year. they singled out a number of stocks that they mentioned next year. by the way, andrew one look like one of the little elves in denmark dressed in my parents' garden. it's very swee
CNBC
Dec 7, 2012 4:00am EST
% and 1.6%. there's also no political crisis in italy by the way. support has been withdrawn for the group run by monti. berlusconi hinted he may return to politics after stepping down last year. claudia joins us in milan. a number of reports suggested this may not upset investors too much just because we were going to have elections anyway, it doesn't bring it forward a lot earlier. is that the sense that you're getting? >> yes, it doesn't really change in terms of the timing. it just gives you an idea, though, of where berlusconi stands and what the situation is like within that central right next. the pdl has made it clear that there is a serious disagreement within the party. they were set to go forward with some primaries which is what the center left did to elect their candidate. and now that berlusconi has abruptly announced that he's going back, that tells you there is a lot of tension. he's trying to define the support, enough support in order to have some say in parliament even after the elections. an apparently he probably was not able to get that within his own party. as far as
CNBC
Dec 21, 2012 4:00am EST
decliners well outpacing advancers. the ftse mib in italy down .6%. the ibex down .4%. the dax selling off .5% lower than yesterday. same goes for the ft. if it is, down .8%. 5909. how quickly we've gone from talking about 6,000 to talking about 5,900. the german bund rallying. same goes for the uk. we're seeing a rotation into safety, out of risk and out of spain and italy. about 4.5% for italy. thin trading in markets is exacerbating the move that we're seeing as we approach the year. today, the austy dollar is weaker against the u.s. dollar by about .4%. proxy there for global growth prospects. the dollar/yen is weaker by about .25%. this as markets digest the news out of the boj and gauge whether they'll be successful in boosting inflation ultimately. the euro/dollar, 1.3221. so for trading in asia, just how japan, china and the rest have been affected by fiscal cliff news, diedra morris is join onning us with plenty more. hi. >> hey, kelly. it was a bit of a rude awaking. a lot of these indexes were on their way to gains and then we had the fiscal cliff setback. we had news that john
CNN
Dec 23, 2012 6:00am PST
korea's new leader kim jong-un. >>> italy pulled itself out of the debt crisis. monte is widely credited with saving italy from a financial meltdown after stepping into the prime minister's role following the resignation of silvio berlusconi last year. sparked concern that italy may slip back into a recession. >>> president obama and members of the senate will gather later today to say good-bye to one of their own. senator daniel inouye who served. he died last week of respiratory complications. he was 88. senate majority leader has called on abercrombie to appoint a successor before the end of the year. >>> ted kennedy jr., son of
ABC
Dec 22, 2012 11:00pm EST
constitution. also, this cruise ship is isn't beingto italy m.rubbed from top to botto >> staring up controversy in virginia. breaking news out of egypt tonight. the constitution has received a majority of yes from more than 70%. the results were posted on the muslim's brotherhood website. was about 8ut million people. official results will not be announced for several days. taking a look at stories -- aning around the nation destroyed a home. used forte was being heat. that is what started the fire around 3:30 a.m. this morning. the house had no smoke detectors. this cruise ship is being anitized after more than hundred people got sick from a virus. the virus was likely carried onto the trip by boarding passengers. e.hip went to venic >> john hammer was arrested in thatt for carrying a gun mexican authorities say was forbidden in that country. hammer says he was going to use shotgun to hunt. in mother says that she is shock that he is finally coming home. it was my first night that i slept on the lawn without getting up. it is the thought of not knowing what is going on. can anyone
CNBC
Dec 14, 2012 4:00am EST
in italy. that's something angela merkel could support. although she might have to face her own transition to the left as we face elections in september. it's hoped mario monti would stand again and would stay in place because clearly that was the sort of work in progress that worked well. down with the euro and italy has to walk its own way. that is not something that we would like to hear in the eu eurozone or in berlin. >> silvia, thank you so much for your time. >>> now, a weak ahead of the person of the year, the winner, north korean leader kim jong un. the magazine didn't admit that various online campaigns were at work to influence the vote. not necessarily a legitimate tell on who readers would like to see as person of the year. so we're going to cast our own poll on "worldwide exchange." who is your pick for person of the year? e-mails us here, tweet us. i think ross westgate gets my nod. we'll see if maybe he comes out ahead in our unofficial reader poll. staying on that topic, the financial times has named its person of the year. we'll tell you who it is and talk to the newspape
CNBC
Dec 24, 2012 9:00am EST
that means but italy has its own laws as you know, probably as well as anybody. but he wants -- he'd like to continue to run the show because he feels just like mario draghi that he's been very successful and he can't let go of the reins. now i understand that. but he doesn't want to run. >> he's been very successful and he tells us about that. >> right. >> he had his july 26th surprise between him and mario draghi but in the end as you pointed out off camera he doesn't want to lose. he's not going through the process in a way where he can lose. basically if you appoint me i'll take it. >> right. >> i think president obama or any politician in the u.s. would love to have those terms up. >> right. he wants the terms. no election. i don't want that process. i don't want the feeling of rejection but i'd like to continue in this path. italy has to make a decision and i think the big money will line up behind him. we see the reactions when berlusconi was on the rise for those two days the bond market got trashed again in italy and he's been out there talking this morning anyway. >> switching g
CBS
Dec 18, 2012 4:30am EST
in italy and there lost an arm to a german grenade, leading a battle that won him the medal of honor. >> everything became a bit crazy. bullets flying all over the place, and my arm flew off. i looked for the grenade because i knew it was in my hand, and there it was still clutched. and i peeled it off and threw it at the enemy. >> reporter: inouye was elected to the u.s. house of representatives in 1959. the same year hawaii became a state. he won a seat in the senate three years later where he served 8 1/2 terms. >> he was a man who, as we all know, rarely called attention to himself, but who lived a remarkable american life filled with dignity and grace of the true hero that he was. >> reporter: he gained notoriety when he served on the senate committee looking into the watergate scandal. the probe ultimately led to president nixon's resignation. in a statement, president obama said, "our country has lost a true american hero." cbs news, los angeles. >>> congressman tim scott has been appointed to fill the south carolina senate seat vacated by jim demint. scott will be the south's
FOX Business
Dec 10, 2012 4:00pm EST
. the question is what going to become o of the circus known as the political situation in italy but really we do think futures will trade higher again. liz: thank you, john, good to see you. david: shares of diamond foods following double-digit lead. nicole petallides with details as to why. nicole: you think of diamond foods you think of the peanuts and the top-secret popcorn. it really is a household name they came up with numbers in the fourth quarter loss, not good news. that is why the stock was tanking today. all kinds of charges they had according to an accounting scandal investigation, that actually hit their numbers as well. this is why diamond foods was coming under some significant pressure today. back to you. david: president obama visiting a michigan auto plants today discussed in a fiscal crisis. our next guest argues in the long run they could see strong auto sales if ther there's no d% all. joining us now, edmunds.com chief economist. good to see you. how would we be better off if we go for the fiscal cliff at least in auto sales? @> we're better off because we're taking hard med
FOX News
Dec 3, 2012 1:00pm PST
and that is a game leapfrog. we end up with more debt and a weaker economy. the road map is greece, italy, spain, all over europe but the president thinks you can tax-and-spend your way to prosperity. >>neil: what the administration throws back on the issue is take a look at italy and greece, austerity has worked. you say what? >>guest: they have a strange definition. alwaysst either to them means higher taxes in europe and the united states austerity means less spending. i am in favor of the right definition of austerity. the balkan countries got out of the mess and now they are doing well economically because they cut, not just cut spending in the washington sense of increasing it at a slower rate they spent less one year after the other and now they are out of the trouble. if you understand the right definition of austerity is the way to go, the problem is in most of europe it means higher taxes, obama wants to give us the bad part of europe, without the good part. >>neil: thank you very much. they are not cutting anything. just slowing the growth. rebound and former president bill clinton hitting
CNBC
Dec 10, 2012 6:00am EST
the road, which is rich coming from a european. >>> european trading the lower this morning. italy's prime minister mario monti, yes, the same one that is famous from all the anti-trust things back in the -- was that the '90s? >> the '90s, yeah. >> monti announcing he'll step down before his term ends. the decision comes after the party of sylvia berlusconi withdrew support for monti's government last week. berlusconi has indicated he will run for leadership again. cnbc's carolin roth will join us from italy with the latest in a few minutes. when i was over there, i had to have the -- all the political signs translated because there's a picture of monti sitting under a beach chair drinking a drink and all the text was send monti to the beach. they already didn't like him. >> he had very high disapproval ratings. i remember last summer i had seen that somewhere. >> they want to send him to the beach. the major european averages at this hour, there they, they're all down. not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback fo
CNBC
Dec 5, 2012 4:00am EST
roughly speaking in the likes of italy and france and actually grew for germany. then in q4, it seems that there is a greater degree of destocking i think, materializing. i think that is going to lead to some weakness on the industrial production side and it does appear that the austerity is very much perceived by household and by service sector companies. and that explains this relatively soft data. it's a sign that really we are still in a period of multi-year major fiscal entrenchment and at the same time, we have a very cautious perspective towards taking on debt. both by the suppliers and the demanders of that debt. >> julian, very briefly, will we see more qe? will we see any more next year or not? >> well, it will depend, i think, on how things develop. on our baseline forecast, the answer to that would be no because we are looking for recovery coming through really reasonably significantly from the first quarter of next year with .4% quarter on quarter. >> julian, thanks for that. always good to see you. julian kelly joining us from barclays. which country is more corrupt and
CNBC
Dec 17, 2012 4:00am EST
won't do particularly well, but germany and italy maybe next year have a potential surprise on the upside. >> how much of a surprise? >> it will not be a fast recovery. the ecb will be forced to do more, but they'll be drald dragged into it. so things will have to get worse before they act. so i don't really think -- >> what more actions? they have a t program waiting to go. what more actions are you talking about? >> the key policy rate for the ecb is likely indeed in the first quarter. they can take dpopt deposit rate negative. by the middle of next year, they'll be doing outright qe. i've been talking about this for ages. they haven't done it so maybe they won't do it. but i'm assuming that the outlook for inflation for the eurozone is -- >> how are they going to get around -- look, i know the bundes bank has a fear of hyper inflation. i just don't -- are they going to get around all the -- because even if they do it on the inflation mandate, are they going to get around the objections about outright money printing? germans would see it as that. >> they would see it as ou
FOX Business
Dec 11, 2012 1:00pm EST
? not italy, i can tell you that. one global investor shares his pick next. tracy: the food and the love is still better there. a look at the winners and losers on the nasdaq. as we head out to break, research in motion up top. liberty media holders and sears all down today. we will be right back. tracy: so here's a shocker, not only as a federal government spending way more money than it has, but state government spending is also out of control. so much so that had to hold a conference to figure that out. senior washington correspondent peter barnes has the latest. let's get all these people together, spend more money to figure out where overspending. >> it was an interesting conference. many state governments have also made big spending commitments they may not be able to keep and display experts at the u.s. chamber of commerce said it could be getting worse. this report from that task for force, the state budget crisis task force estimated state and local tension funds are underfunded by 8 trillion to 3 trillion. another trillion for unfunded health benefits and other health care refo
CNBC
Dec 11, 2012 6:00am EST
's happening with italian politics. of course, mario monti saying he was going to resign as italy's prime minister. that paves the way for flesh elections to be called in the beginning of next year. yesterday, we saw the negative reaction. sylvia berlusconi wants to make his return on the political scene. today, we saw a bounce back. if you can see see bind me, the bank stocks in italy rerebound, but it's only in the range of .5% to 1% of these names which were down in some cases nearly 10% yesterday. if you take a quick look at european bourses, if that's possible, down near the ftse mib, this is the one selling off somewhere in the range of 3.5% yesterday. today it's adding about .8%. in spain, showing a nice rebound. same attitude listing peripheral debt. we can take a look there. italy and spain seeing prices rise, yields falling to 4.75% and 5.75% respectively. is investor attention returning to spain? here is the thing. italy is the third biggest government debt market in the world. it's the third biggest economy in the eurozone. whatever happens with its political situation could p
CNBC
Dec 19, 2012 9:00am EST
was supposed to come to market. italy, oh, my, what happens when italy -- it turns out you had to take it down. i know that john corzine, very controversial figure. that's a code word. but what a trade they almost had. in the news again today. >> almost. >> horseshoes, hand grenades. >> we should point out, gm was certainly not having the easiest of times of it. this morning's stock is up sharply, we're telling you why. the company will buy back at a premium to at least what was the market price as of yesterday, 200 million shares from the government at $27.50. that having the effect of sending the stock above that. why not, if you're gm, you've got all this cash sitting on your balance sheet. you're earning virtually nothing on it, why not take the opportunity, even at a premium, to buy it back by as much as 11%, shrinking the cap by that much. we heard from tim massad who runs t.a.r.p., they'll be dribbling out the shares over time. the next 12 to 15 months. similar to the strategy employed with citi. a bit of it coming out. and finally they cleaned it up with a few big blocks. >> that was v
CNN
Dec 23, 2012 9:00am PST
with saving italy from a financial meltdown after stepping into the prime minister's role following the resignation of silvio berlusconi. monti's resignation sparked concern italy may slip back into a recession. president obama and member hers of the senate will gather today to say good-bye to
FOX Business
Dec 24, 2012 11:00am EST
for government to keep raising the value added tax. we've seen it happened in spain, italy and greece and wherever it's tried. adam: i lived in spain a long time ago. i guess you realize you don't paying it at the time but things are more expensive. david: thank you, gang. thank you very much. thanks to the company. thanks to you for watching. now here are dagen and dennis. hi, gang. dagen: merry christmas. love to your family. david: thank you. same to yours. dagen: i'm dagen mcdowell everybody. dennis: i'm dennis neal -- kneale. dagen: is it the fiscal cliff fears that have shoppers down this season? retailers are reporting slowing sales over the last couple of weeks. dennis: a woman fired for being too attractive and a supreme court says it is legal. dagen: i will bite my tongue because it is the top of the hour and stocks now and every 15 minutes. nicole petallides at the new york stock exchange. hey nicole. nicole: i look forward to hearing more about that particular story as i watch the stock market here, i do see the dow is down about 1/3 of 1%. majority of the dow components a
FOX News
Dec 13, 2012 2:00am PST
. in italy could these remains be mona lisa? the dna from the bones from a convert in nature rens. they are looking at whether it is lice saw gerdini she is the model that posed for da vinci's famous painting. >> the list of the ten best states for doing business. all but one of those states is actually a right to work state. there could be other factors involved. diane macedo has more on that. >> thousands of people came out to protest. unions there can no longer force workers to pay union dues. but forbes says according to a new survey right to work states have a clear advantage. they show all but one of the top ten states have right to work laws the exception colorado. the rankings for the third straight year. they attribute that to corporate taxes. the pro business regulatory climate and north dakota moves up to number 3 after having the most economic growth after the last five years. the top ten expanded their economies 1.7 percent during the tough years between torques 6 and 2011 the economies contracted an average of .1 percent of the year during that time. all but mississi
CW
Dec 18, 2012 12:00pm CST
senate term in 2010. inouye lost his right arm during a world war two battle in italy. he was awarded the medal of honor the nation's highest honor for valor. inouye died yesterday of respiratory complications. his office says his last word was aloha. a victory for the teen who took a stand against the makers of the easy bake oven. 13-year-old mckenna pope met with executives from hasbro yesterday. asking for an oven that's not pink or purple so that boys can use it. she says her brother wants one for christmas. well mckenna got her wish. hasbro says it will make a black and silver version of the popular oven and it will hit store shelves next fall. it also plans to change the packaging to show boys and girls on the box. just ahead the car company paying a record fine over safety violations. and, still to come this midday. executives at fast food giant mcdonald's is urging franchise owners to buck tradition and stay open on holidays. and later in lunchbreak we're making chocolate wafer whoopie cookies with the pastry chef from magnolia bakery. i was living with this all-over p
CNBC
Dec 31, 2012 4:00am EST
class today. italy around the 4.5% level. we've seen these predominant for several weeks and likely a quick check on forrus. the yen, an important one to keep an eye on, as well. dollar/yen firmer, continuing the patterns that we've seen over the last couple of trading sessions. for more on what to expect from markets today, we're joined by chris meyer, managing director and chief strategist from loop capital markets. chris, good morning. we wake up without a deal. what does that mean? what are you watching today? >> good morning, kelly. the thing i'm watching most specifically is the vix. i think the vix is the most distilled measure of risk that we have in the marketplace right now. we've noticed that the vix has gone from a fairly low range of 12 to 14. we're up over 20 now, which to me is an area of concern. if we begin to move higher, once again, i think we should watch out for market-based effects. >> we have, as you mentioned, started to see that outperformer. it's interesting in a year when the vix is tamed we haven't seen more volatility. in fact, as you look out at some of
CNN
Dec 10, 2012 11:00am PST
because spending cuts are not working out for italy's government. prime minister mario monti announced he would resign after losing support over his austerity moves. a return of political instability there reminds us that europe still faces a lot of hurdles before it comes out of its economic crisis. countries like greece, spain and italy have been tackling their problems with sharp cuts in spending and higher taxes and that's been fueling recession and unrest. meanwhile, we now know that japan officially slipped into its own recession over the summer with the japanese economy contracting 3.5% between july and september. now, the previous quarter, the previous three months number was also revised lower and that makes for two consecutive quarters of negative growth and that's the classic definition of a recession. from asia, back to america, literally, a group of chinese investors agreed today to buy an 80% stake in aig's aircraft leasing business. back in 2008, the insurance giant was bailed out by the u.s. government to the tune of $180 billion. four years on, still paying back the money
FOX News
Dec 22, 2012 1:00pm PST
at italy f-18 is half an hour, not to mentioned the drones that were already overhead. american spectator wrote this, obama's fingerprints is all over this refusal. if no one in the c.i.a. chain of command refused the aid, the failure this is has to be failure is obama's, do you buy that? >> the congress has to find that out for us but it did happen on the president's watch. he did ultimately say it was his responsibility and he could have said that earlier. there is so many questions that we still have so many months after and we don't have the perpetrators. >> gregg: should the president testify? >> that is not common. >> gregg: it's happened before? >> it's possible and rare. these people that work in the white house generally don't come before congress. this is what congress is supposed to do oversight. >> gregg: back to the report and the failure to provide the security that had a been requested at benghazi missions. put it up on the screen. eric boswell forced to resign, charlene lamb forced to resign. documents show lamb is the one who denied repeated requests for additional securi
CNBC
Dec 7, 2012 9:00am EST
there are two that we're watching for american investors. one is greece, one is italy. the developments today are both good from an american investing perspective because they keep a lid on what's happening in those two respects. in greece there was trouble on the streets of athens last night as a result of left-wing protesters and students out and police using tear gas to disperse them as they protested the death of a teenager as a result of a police shooting four years ago, but the more important thing from a market perspective is that in 30 minutes' time now, the book will close on the greek debt buyback. now, remember what's happening here. the greek government is borrowing 10 billion euros from the rest of europe to buy back its own debt at a discount. if it does that successfully, by midday our time when that book closes, then more cash will flow through from the rest of europe, possibly next week it will be able to repay its bills and capitalize on the banks. let's check the close. >> the european markets are closing now. >> so we kind of went nowhere today. a lot of these markets in e
CNBC
Dec 17, 2012 9:00am EST
with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll be talking about fundamentals in the stock market more than just the cliff. we've got to talk about apple reversing its move lower this morning, sold more than 2 million iphone 5s in china. the best debut for any iphone in t
CNBC
Dec 19, 2012 6:00am EST
and italy. the boreses and footy 100, the xetra dax, this has been the outperformer up in the range of 30%. another .3% after the ifo out of germany. came in better than expected. again, a good sign for growth. not necessarily, though, for those who would like to see a weaker europe. the ibex 35 adding 1.3%. and the nikkei, as you mentioned, up above 10,000 for the first time in eight months. adding 2.4%. better hope the moves in the japanese government or bank of japan pan out. we'll get the bank of japan's decision tomorrow. but this comes on the day when, remember, it's on the weakening of the yen which we can show you on hopes that that will help the japanese corporate sector. remember, we saw export figures showing a drop of 20% in exports to the use. 15% to china. again, there's a lot of expectation built to this. the aussie/dollar remains the underperformer as we continue to evaluate china's internal rebalancing. now the sterling is stronger, the dollar/yen you already mentioned. and the euro/dollar to get back to the point about the ifo survey is adding .3% to 132.-- 1.3274. we ge
CNN
Dec 20, 2012 8:00am PST
inouye lost his right arm in italy and received the medal of honor for his service. daniel inouye died on monday at walter reed military medical center. he was 88 years old. and i want you to watch these pictures. >>> i have some news just into cnn about the attorney general eric holder. we are finding out now the attorney general is set to head to newtown, connecticut, today after meeting with vice president joe biden at 1:00. but don't expect to see him. this is not a public event. the attorney general has scheduled to apparently meet with some of the law enforcement officials in that town and then also with some of the first responders who were the first people to enter the sandy hook elementary school and discover the carnage there that ended up being the loss of 20 children and six adults in that school and then, of course, the mother of the killer who was shot in her bed and the killer himself. the attorney general apparently is not traveling with any other senior justice officials to newtown. he will also not be attending any of the funerals or the memorials. and again, you will
FOX Business
Dec 3, 2012 5:00pm EST
another in the wrong direction. at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have to figure out how to get control of intitlements. the while house refuses to have adult conversation about that. melissa: neither of these proposals, neither side gets us closer to closing the enormous gap you're talking about. i say over and over again and if this was your household and bills were so far out of line with what the revenue was you could get very serious very quickly. these people do not seem to do that. for republicans is it looking more and more palatable to go over the cliff at this point? >> depends on how dogmatic obama is. like selling a car on craig's list and put it up for 5,000 and really take 4500. someone offers you 4,000. this is classic negotiating. we have to be serious. this isn't just a game. we're not playing poker on a thursday night. if we don't get fix our fiscal problem, by the way to give republicans credit, i just don't want to attack them, they passed the ryan budget earlier this year and last year and that actually do
FOX News
Dec 19, 2012 4:00pm PST
that conviction and says he is considering running again for prime minister of italy. the syrian regime can and will deploy chemical weapons on its own people unless other nations step in. that's the word now from a former syrian general who now leads the rebels. plus, investigators say this beauty queen died after a shootout in mexico and they have now linked one gun at the scene to the failed operation fast and furious. plus, the latest winter storm could throw a huge wrench into travel plans across several states. we'll tell you where it is headed and how much it's about to dump as we approach the bottom of the hour and the top of the news as fox reports live tonight. and 320 calories. marie callender's. it's time to savor. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. the lexus december to remember sales event is on. hey, yo, check out this chef, right? right? that's so gay. that's really gay. dude, look at those pants. please don't say that. what? don't say that somet
FOX News
Dec 4, 2012 4:00pm PST
. that ship left new york earlier headed to italy. the crew experienced but somewhere along the way they vanished. supplies and cargo untouched. the crews valuables still right there where they left them. the only thing missing one single life boat. to this day it sun clear what happened. theories abound everything from underwater earthquakes to sea monsters to ufo's and a ghost ship sailed into the twilight zone 140 years ago today. and now you know the news for this tuesday, december the 4th, 2012. i'm shepard smith. be we go loo alook at the lighting of the capitol christmas tree. john boehner gave an eagle scout the honor of flipping that switch. >> 3,
CBS
Dec 10, 2012 6:00am PST
italy rattled markets. mario monte announced his decision to resign at the end of the year and let's head to wall street where we are seeing the markets being a little bit, turned the positive territory, not too much down or too high but we're up 15 on the dow, nasdaq up by 4 points. president obama and john boehner met to try to prevent the fiscal cliff, due to kick in on january 1st. the main sticking points remain raising taxings on the wealthy and cuts to entitlement programs like medicare. they are accepting that wealthy americans will get a tax hike. they have asked congress to work through the hold daybreak. >>> the federal reserve is expected to announce an expansion of the stimulus program this week. experts predict the fed will extend the program of buying $85 billion of securities each month into the new year the announcement is expected tomorrow or wednesday. >>> and a new service shows pay for college presidents continues its up ward climb. the chronicle of higher education studied data from 2010 and the median compensation rose about $400,000. that's up nearly 3%. for
MSNBC
Dec 8, 2012 12:00am PST
to bring back jobs to indiana. that makes a difference. i'm bringing jobs from italy and other places. and nobody asks about right to work. give me a break. the unions helped create the middle class. everybody knows it. the fact is that right-to-work states have worse education. they have worse performance, they have higher unemployment. the facts just don't back the governor up. this is a governor that prides himself on having the facts. >> uaw president bob king blamed the koch brothers for helping ram through this legislation. do you believe that? what role did the koch brothers, if any play in all of this? >> it's hard for me to know. i think there is a lot of big money involved. i see this prosperity america. i think that's their outfit. i see equipment and tents and so on. how much big money is flowing around, i don't know. i think they're all over. ed, you have been on this before. we have to get the big corporate money out of politics. this is disgusting. this is a bastardization of our democracy that is taking place. i tell you, democracy is under attack. we have to get the b
MSNBC
Dec 18, 2012 6:00am PST
.s. government in world war ii and was recognized for gallantry and leadership on the battlefield in italy. in that battle, young lieutenant inouye lost his right arm. while recovering from his wounds, he be friended a young soldier, a guy by the name of bob dole, a guy who he would partner with years later. in a same, bob doled called inouye one of the senate's giants. he pushed for hawaii statehood, became the state's first owed voting representative, taking his seat in congress on august 21st, 1959, the same day hawaii became a state. he was the first japanese american who serve in congress. he was elected to the senate in 1962 and he served there ever since. inouye served a lifelong bipartisan friendship with a newby senator, a guy by the name of alaska's ted steven. the two called each other brothers. inouye took part in two of the biggest senate hearings in the 21st century and became a familiar face to many americans. first, there was watergate. >> the committee to re-elect the president and file a report with the government accounting office indicating that the committee had a surp
MSNBC
Dec 18, 2012 10:00am PST
decorated in the war caught in a fire fight in italy and inouye shot in the stomach and wounded he continued to fight crawling up a hillside, grabbing a grenade of a wounded arm to kill the germans saving many lives. inouye lost that arm but while recovering from the wounds in the hospital he met two future senate greats. phillip hart and bob dole. they all ended up serving together. he became a key player in american political life for 50 years the vice president today swore in senator patrick leahy. third in line for the presidency. >> so help me god. >> congratulations. bittersweet moment. >> bittersweet indeed. he died with his wife and son at his side. his last word according to his office was, aloha. trusted everywhere. ♪ you make me happy [ female announcer ] choose the same brand your mom trusted for you. children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has you
MSNBC
Dec 19, 2012 11:00pm PST
there in north africa, buzz not located in italy or any place close to north africa. they couldn't get there in time. there was a drone that took pictures but it was unarmed. >> let's bring this to human terms. people like to find somebody responsible. there isn't always somebody responsible. sometimes things break. is it true they were tough in their report, the pickering and mullen report. but in the end are they saying this could have been avoided, really? >> yes, they are. >> if chris stevens wanted to go into a dangerous area, could he have been protected? >> the two phrases that admiral mullen used in the clip that introduced this segment, first there were inadequate sources there. there were requests for more forces. the state department didn't act in a timely way. the bureau which overseas that consulate, that mission, didn't act in a timely way. and the forces were grossly inadequate. an unusual phrase to use. >> partly to save money and partly to rely on the host. we don't have marines at these place. we rely on the libyans. they were not able. they didn't have a national gov
MSNBC
Dec 28, 2012 8:00am PST
a month. a month. yes. a month. >> that's crazy good that's crazy, yeah. italy. he does get to keep their home. the couple divorced because of his fondness for women, especially younger women. berlusconi is engaged to a 27-year-old woman and is nearly 50 years older. wow. 4 million buck as month. i'm stuck on that one. >>> dr. routes getting in on the fiscal cliff. you have to love that one. that's it for me. i'm taking off for vacation. [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthr
CBS
Dec 18, 2012 6:00pm EST
japanese planes flew over his home to bomb pearl harbor. he served in italy and there lost an arm to a german grenade, leading a battle that won him the medal of honor. >> everything became a by the crazy. bullets flying all over the place and my arm flew off. i looked for the grenade because i knew it was in my hand. and there it was still clutched. and i peeled it off and i threw it at the enemy. >> reporter: inouye was elected to the u.s. house of representatives in 1959. the same year hawaii became a state. he won a seat in the senate three years later where he served eight and a half terms. >> he was a man who, as we all know, rarely called attention to himself. but who lived a remarkable american life filled with dignity and grace of the true hero that he was. >> reporter: he gained notoriety when he served on the senate committee looking into the watergate scandal. the probe ultimately led to president nixon's resignation. in a statement president obama said, "our country has lost a true american hero." >> inouye also served as chair of the congressional panel during the ir
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